All Reports

This morning, Lucid Group (LCID; $2.72; E/W) disclosed in an 8-K filing that it is reducing its headcount by 6% or ~400 employees (vs. ~6,500 employees at the end of Q1), which is aimed across…

Yesterday (5/22), we met with ChargePoint’s (CHPT; $1.73; E/W) CEO Rick Wilmer and Patrick Hamer, VP of Capital Markets, and IR, at the Advanced Clean Transportation (ACT) Expo in Las Vegas. Our conversations highlighted how…

We think NetApp (NTAP; $114.11; E/W) produces some solid upside with its FQ4 (Apr) results and outlook, which are scheduled for Thursday, May 30th (after market), vs. our and Street estimates. At the same time,…

We think the Street is looking for another healthy beat from Dell Technologies (DELL; $147.78; E/W) with its FQ1 (Apr) results and outlook next Thursday (5/30 after market) since guidance of the past six quarters…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of April, which were somewhat above seasonal trends including a bit healthier battery electric and hybrid electric vehicle…

Yesterday, we sat in on the second day of keynotes at Dell Technologies World, which was led by Dell’s (DELL; $146.68; E/W) Chief Operating Officer Jeff Clarke and included presentations from Arthur Lewis (President, Infrastructure…

Yesterday, we sat in on the Dell Technologies World keynote from Dell’s (DELL; $145.45; E/W) CEO Michael Dell in Las Vegas where the company put forward seven different product advancements, discussed below, aimed at better…

This morning, Jabil (JBL; $121.25; O/P) announced several senior leadership changes, most importantly, the appointment of CFO Mike Dastoor to CEO, which is not unexpected given the recent investigation into former CEO Kenny Wilson that…

The shares of Uber Technologies (UBER; $65.67; O/P) continue to languish relative to mid-February highs, which seems to generally go against recent news flow from the company, a still healthy travel backdrop, especially since Mobility…

Last week, NetApp (NTAP; $110.47; E/W) announced a new AFF A-Series all-flash array (AFA) storage system aimed at increasing enterprise needs to “re-think” storage infrastructure strategies for the accelerated development of artificial intelligence (AI) applications….

We raise our rating on the shares of Nextracker (NXT; $43.01) from Equal-Weight to Outperform and establish a $60 target after its big FQ4 (Mar) adjusted EBITDA “beat and raise”, which came on further backlog…

We initiate coverage with an Outperform and $60 target on the shares of Celestica (CLS; $48.00), an electronics manufacturing services (EMS) provider, which after completing a portfolio transformation in 2021 is now well focused on…

We are reducing our rating on the shares of Benchmark Electronics (BHE; $41.09) from Outperform to Equal-Weight after the stock price has now well exceeded our prior target and is now trading at valuation levels…

Last night, Uber Technologies (UBER; $64.99; O/P) announced it signed an agreement to acquire Delivery Hero’s (DHER.DE; €31.92; NR) foodpanda delivery business in Taiwan (foodpanda Taiwan) for $950mm in cash. We think this announcement further…

Hyzon Motors (HYZN; $0.54) reported Q1 results and offered up a range of conference call commentary that suggests it remains on a solid commercial path, including a more efficient use of cash. Specifically, Hyzon recognized…